Trump threatens 'tremendous economic consequences' on any country helping Iran
President Donald Trump has threatened severe economic consequences for any nation that provides support to Iran. This follows the expiration of a ceasefire and is part of an ongoing pressure campaign against the Iranian government.
Why it matters
The threat signals a potential escalation in international tensions and could significantly disrupt global financial and oil markets.
Image source, Getty Images By Grace Eliza Goodwin and Peter Hoskins Published 20 August 2026, 01:25 BST Updated 50 minutes ago President Donald Trump has said the US will inflict "TREMENDOUS Economic Consequences" on any country that helps or does business with Iran.
He wrote in all capital letters on Truth Social that he was launching "the most crushing economic operation ever taken against any country!" He gave no further details, and did not name any other nation.
It comes after a 60-day ceasefire with Iran expired on Monday, with no sign of a diplomatic or military off-ramp to the conflict that the US and Israel began at the end of February.
Trump's latest move appears to extend the pressure campaign of Operation Economic Fury, launched in April to sanction foreign banks or firms that do business with Tehran.
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